The hidden potential of vacant homes
Now comes encouraging news of a Detroit program to take abandoned homes which can be saved into a land bank and then auction them off. The program is coupled with forgivable loans for repairs.
Detrroit is auctioning off vacant homes to "people who commit to fix them up and live in them." The implementation has supported Detroit's growing identity as a financially feasible place to "make a start with a home and a business."
Sean Joyner via Archinect - News http://bit.ly/2zsWA16
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